RFE: Conference Listings

Centre for Central Banking Studies, Bank of England

Dates:

February 17-19, 2014

Description:

Modelling financial frictions - Centre for Central Banking Studies

Location:

London, United Kingdom

Subject:

This three-day seminar introduces participants to some of the key related concepts and shows how they can be studied in a dynamic stochastic general equilibrium setup. To build an understanding of the implications of financial frictions for business cycle fluctuations and monetary policy, theoretical sessions will be followed by hands-on exercises ??? equipping participants with the skills necessary to develop and use such models in their work.The topics covered are likely to include:- an overview of aspects of the data justifying an analysis of financial frictions;- different ways of deviating from the frictionless benchmark:??? costly state verification??? collateral constraints??? costly enforcement- models of financial intermediation; and- financial frictions and the monetary transmission mechanism.[gem?_?? den Informationen des Anbieters - according to site editor's information]